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Mortgage Market Update
Sadaf Sultan
Sadaf Sultan
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—I hope you're doing well. This week I want to talk about something many homeowners overlook until they need it.
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National Mortgage Rates · July 30, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Check
Do you know how much equity you've built?
If you've owned your home for a few years, you're likely sitting on more equity than you realize. Every mortgage payment you make builds it—and so does any appreciation in your home's value. Knowing your equity matters because it opens doors: you can tap it for home improvements, consolidate debt, or use it as a down payment on a second property. The best part? You don't need to refinance to access it. I can help you figure out exactly where you stand and what your options are. It's a simple conversation that often surprises people in the best way. Let's talk about your home's equity—reach out anytime.
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Tip of the Week
Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.
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Tips for Homeowners
HOA Fees and How They Affect Your Mortgage
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1.
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HOA dues are included in your debt-to-income ratio calculation when you apply for a mortgage. High HOA fees reduce how much home you can qualify for.
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2.
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Before buying in an HOA, review the financials: reserve fund balance, any pending special assessments, and recent meeting minutes. A depleted reserve fund can mean a large unexpected charge.
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3.
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HOA dues are generally not tax-deductible for a primary residence. If the home is a rental property, dues may be deductible as a business expense.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Sadaf Sultan team any time and we'll walk you through your options. |
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